Minister of Finance Greg Sorbara announced today that property tax reassessments by the Municipal Property Assessment Corporation (MPAC) would be cancelled for the next two years to allow for the implementation of the Ombudsman’s recommendations to
Ontario’s property assessment system.
“By cancelling the next two reassessments, we are giving MPAC the time it needs to consult on [...]
Resale home transactions remained robust in the first half of August, as mid-month figures showed a three percent increase over the same timeframe last year, Toronto Real Estate Board President Dorothy Mason announced today.The 3,290 sales to mid-month surpassed the 3,196 sales recorded to mid-August 2005, while prices increased four per cent over the same [...]
Ontario property owners may soon enjoy better protection against the growing spectre of real estate fraud as government and opposition MPs alike agree to make it a priority.
Ontario’s Minister of Government Services Gerry Phillips and provincial Burlington Conservative MPP Cam Jackson both say the public needs better protection from fraud artists who secretly commandeer property [...]
July saw 7,082 single-family homes change hands in the Greater Toronto Area; a strong showing at over 7,000 sales, though slightly less active than the 7,387 sales recorded in July 2005, TREB President Dorothy Mason reported today.
“The GTA market is very healthy,” Mrs. Mason said. “Year-to-date figures show that 2006 remains more than one [...]
There’s been a dramatic change to Toronto’s skyline in the last few years as dozens of new high-rise condominiums have been built to feed the current housing boom. While it appears the market may be cooling, a new survey suggests that the long-term prognosis is good for condo developers in Canada.
The survey, conducted by Ipsos-Reid.ca [...]
Canada’s construction boom continued in July, but Canada Mortgage and Housing Corp. says it is seeing a swing away from single-family units towards cheaper condominiums, townhouses and apartments.
In its monthly report on housing starts, CMHC said the trend has been spurred by the rising price of new homes and slightly higher mortgage rates.
CMHC, a Crown agency [...]
Housing starts across Canada will decline by more than eight per cent next year, according to the latest predictions from Canada Mortgage and Housing Corp.
CMHC’s third quarter outlook forecasts 227,900 housing starts this year, declining to 209,100 starts in 2007, a drop of 8.2 per cent. In May, CMHC forecast 222,200 housing starts this year [...]
Mississauga has attracted a large chunk of white-collar jobs from surrounding communities, and also has a well-regarded university campus and community college.
You can reasonably claim to be able to grow up, get an education, raise a family and work in Mississauga without ever having to bomb down the Queen Elizabeth Way or Highway 401 to [...]
Is it a good time to invest in a condo apartment in Toronto? And if so, what are smart buying tips for a condo investor?
Industry insiders say you have to do your homework. It’s a tough time to buy since prices are rising, but rents are stable or going down.
Rents for condo apartments in Toronto [...]
Oscar-winning film director Sir Ridley Scott has been offered some harsh advice by the interior designer of his house in Hampstead.
Sir Ridley, famous for movies like Alien, Gladiator and Thelma and Louise, employed the services of the expert after deciding to give his £7 million property a makeover.
But the blunt-speaking report by Chester Jones went [...]
